Occidental Petroleum (OXY) Research & Development (2009 - 2026)
Occidental Petroleum (OXY) reported Research & Development of $110.0 million for Q1 2026, up 100.0% year-over-year from $55.0 million in Q1 2025, and up 144.44% quarter-over-quarter from $45.0 million in Q4 2025.
Occidental Petroleum (OXY) Research & Development (2009 - 2026) Analysis & Trends
Occidental Petroleum (OXY) has 18 years of Research & Development data on file, last reported at $110.0 million in Q1 2026.
- Research & Development for Q1 2026 came in at $110.0 million, up 100.0% year-over-year; the trailing twelve-month figure through Mar 2026 was $304.0 million (up 15.15% YoY), and the FY2025 annual result was $249.0 million, down 9.45% from the prior year.
- Research & Development rose to $110.0 million in Q1 2026 per OXY's latest filing, from $45.0 million in the prior quarter.
- Over five years, Research & Development peaked at $125.0 million in Q3 2023 and troughed at $25.0 million in Q1 2022.
- A 5-year average of $75.9 million and a median of $69.0 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2023: Research & Development tumbled 69.77% in 2022, then soared 308.0% in 2023.
- A 5-year view of Research & Development shows it stood at $118.0 million in 2022, then dropped by 5.08% to $112.0 million in 2023, then plunged by 38.39% to $69.0 million in 2024, then tumbled by 34.78% to $45.0 million in 2025, then surged by 144.44% to $110.0 million in 2026.
- Business Quant data shows OXY's Research & Development at $110.0 million in Q1 2026, $45.0 million in Q4 2025, and $66.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 631.53 Bn | 625.59 Bn | - | - |
| 2 | Canadian Natural Resources | 402.73 Bn | 402.73 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 145.39 Bn | 139.02 Bn | 9.48 Bn | 109.00 Mn |
| 4 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 45.00 Mn |
| 5 | Occidental Petroleum | 57.00 Bn | 53.82 Bn | 4.87 Bn | 110.00 Mn |
| 6 | Diamondback Energy | 56.03 Bn | 62.20 Bn | 4.22 Bn | - |
| 7 | Vista Energy, S.A.B. de C.V | 36.26 Bn | 35.65 Bn | 472.36 Mn | - |
| 8 | Eqt | 33.02 Bn | 36.36 Bn | 2.98 Bn | 430,000.00 |
| 9 | Vermilion Energy | 32.76 Bn | 32.57 Bn | 370.10 Mn | -316,475.27 |
| 10 | Devon Energy | 27.78 Bn | 27.78 Bn | 3.61 Bn | 25.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 110.00 Mn |
| Dec 31, 2025 | 45.00 Mn |
| Sep 30, 2025 | 66.00 Mn |
| Jun 30, 2025 | 83.00 Mn |
| Mar 31, 2025 | 55.00 Mn |
| Dec 31, 2024 | 69.00 Mn |
| Sep 30, 2024 | 57.00 Mn |
| Jun 30, 2024 | 83.00 Mn |
| Mar 31, 2024 | 66.00 Mn |
| Dec 31, 2023 | 112.00 Mn |
| Sep 30, 2023 | 125.00 Mn |
| Jun 30, 2023 | 102.00 Mn |
| Mar 31, 2023 | 102.00 Mn |
| Dec 31, 2022 | 118.00 Mn |
| Sep 30, 2022 | 47.00 Mn |
| Jun 30, 2022 | 26.00 Mn |
| Mar 31, 2022 | 25.00 Mn |
| Dec 31, 2021 | 107.00 Mn |
| Sep 30, 2021 | 31.00 Mn |
| Jun 30, 2021 | 86.00 Mn |